Tag: return fraud
Appriss Retail has recently announced it has processed more than three billion real-time requests for analytics-driven decisions. The achievement underscores the company’s continued growth as the top provider of artificial intelligence solutions for major retailers. The company has return authorization solutions deployed in more than 34,000 stores in North America.
By Meg Costa
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and the availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but Read More
Last week, Thomas Frudaker was arrested on suspicion of returning a computer without all of its components to a Walmart in Yuma, Arizona. But, turns out, it wasn’t Frudy’s first rodeo… the 23-year-old had pulled the same stunt at about 1,000 other Walmarts across the country, authorities say. This would Read More
AI in the retail industry promises improved efficiencies, lower costs, and improved customer experiences—but it’s important to be aware of the technology’s current capabilities and its one “fatal flaw.” Read More
In the July-August 2017 issue of this magazine, I wrote an article titled “Brick-and-Mortar Is Not Dead; Amazon Just Proved It.” That statement continues to hold true. But when I read business publications or mingle at industry events, I still notice a lot of doom and gloom about the supposed Read More
According to the 2016 National Retail Security Survey, US businesses lost around $45.2 billion in 2015 to retail theft, more than 1.38 percent of overall sales, making retail theft one of the leading issues facing retailers today.
Shoplifting and ORC Fraud Rings
According to the National Association of Shoplifting Prevention (2006), more Read More
The Latest Credit Card Fraud Statistics and Insights
Credit card fraud statistics reveal that online and card-not-present fraud is expected to increase in the coming years.
By Kelsey Seidler
Despite the introduction of more secure chip technology (also known as Europay, Mastercard, and Visa, or EMV technology), credit card fraud remains a concern Read More